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First Trust Expands Its Target Income ETFs Lineup with the Launch of Three New Strategies
Business Wire (Thu, 13-Feb 9:25 AM ET)
The FT Vest Investment Grade & Target Income ETF (the "Fund") seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objectives by investing in U.S. Treasury securities and utilizing an option strategy consisting of purchasing and writing (selling) U.S. exchange-traded call options, including Flexible Exchange options ("FLEX Options"), on the iShares iBoxx Investment Grade Corporate Bond ETF (the "Underlying ETF"). The Fund also seeks a secondary objective of providing capital appreciation. The Underlying ETF trailing 12-month annual income yield as of January 28, 2025 was 4.41%. The Fund seeks to provide long exposure to the Underlying ETF through the use of FLEX Options contracts that reference the Underlying ETF.
FT Vest Investment Grade & Target Income ETF trades on the ARCA stock market under the symbol LQTI.
As of March 10, 2025, LQTI stock price climbed to $20.50 with 15,259 million shares trading.
LQTI has a market cap of $3.08 million. This is considered a Sub-Micro Cap stock.
LQTI support price is $20.34 and resistance is $20.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LQTI shares will trade within this expected range on the day.